Louisiana State Employees Retirement System Acquires New Stake in Robert Half Inc. $RHI

Louisiana State Employees Retirement System acquired a new position in shares of Robert Half Inc. (NYSE:RHI) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 44,100 shares of the business services provider’s stock, valued at approximately $1,120,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of Robert Half by 19.3% during the first quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock worth $2,092,000 after buying an additional 6,212 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Robert Half by 498.7% during the first quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock valued at $372,000 after buying an additional 5,675 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Robert Half by 2.5% during the first quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock valued at $16,603,000 after buying an additional 7,523 shares during the period. Empowered Funds LLC boosted its position in Robert Half by 91.8% during the first quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock worth $3,039,000 after acquiring an additional 26,672 shares during the last quarter. Finally, Sivia Capital Partners LLC boosted its position in Robert Half by 94.6% during the second quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock worth $332,000 after acquiring an additional 3,937 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. William Blair upgraded Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Zacks Research cut Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $31.75.

Robert Half Stock Performance

Robert Half stock opened at $33.41 on Friday. Robert Half Inc. has a 1 year low of $21.83 and a 1 year high of $43.69. The firm has a 50 day moving average price of $29.03 and a 200 day moving average price of $27.42. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 25.70 and a beta of 0.82.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.34 billion. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. Robert Half’s revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 earnings per share. Sell-side analysts predict that Robert Half Inc. will post 1.29 EPS for the current year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date was Friday, May 22nd. Robert Half’s dividend payout ratio is presently 181.54%.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.